The bar has been set high for Prime Minister Singh's first 100 days.
NEW DELHI, India — Most of the time, nobody expects too much out of the government in India.
The business of politics is business as usual, and the entrenched bureaucracy and revolving-door leadership seems designed to perpetuate the moribund status quo. But this election's surprise result has raised hopes so high that the shine could come off Prime Minister Manmohan Singh's big victory in as little as three months.
On the eve of swearing in the rest of his cabinet to complete the formation of the government Tuesday, Singh comes to power at a very difficult time. India is proving to be less immune to the global economic crisis than was originally supposed, stimulus packages and populist policies have left the country with a disturbingly high deficit, and observers from the left and right poles of the ideological spectrum are expecting bold, decisive actions in the new government's first 100 days — a ridiculously brief moment of time for an Indian administration.
“Even if you can't get a lot done in a hundred days, you can at least lay out a set of priorities that will be focused on in each ministry,” said Subir Gokarn, chief economist at Standard & Poor's Asia Pacific. “If it doesn't come, the judgment repercussions will be fairly significant. The hope will start to die quite quickly.”
Most people will be expecting more than that. During the campaign, Singh himself promised to come out with a new economic stimulus within his first 100 days in office, and greedy appetites have been whetted by the action plans leaked by various government departments.
The 100-day actions being bandied about by bankers, economists and editorial writers comprise a wish list of social welfare measures and economic reforms that would be a tall order for a five year term. Thanks to the perception that the new government won't face opposition from allies, it includes items like starting a national urban poverty mission to complement the last term's rural employment guarantee scheme, boosting government revenue by divesting bloated state-owned enterprises, and further slashing bank lending rates for farmers and the poor. It also involves releasing some of the $8.5 billion of government money for infrastructure projects that has been stuck in the pipeline, and a host of other measures.
The initial signs look promising. For instance, the ministry of road transport, highways and shipping is reportedly planning to review and correct the implementation problems that derailed the national highways development program during Singh's first term, when the department failed to award contracts for road projects worth some $10 billion.
Similarly, the telecom ministry has vowed to finally get moving on the auction of 3G and Wimax licenses to spur further growth in the broadband Internet business. And reports are surfacing that the finance ministry is preparing for initial public offerings of state-owned companies like hydropower firm NHPC, Oil India Limited and infrastructure consultancy Rail India Technical and Economic Services, which would provide much needed revenue for the treasury.
http://www.globalpost.com/dispatch/india/090526/indias-new-government-takes-shape
